RXT (Rackspace Technology) Total Current Assets : $649 Mil (As of Sep. 2024)

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What is Rackspace Technology Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Rackspace Technology's total current assets for the quarter that ended in Sep. 2024 was $649 Mil.

Rackspace Technology Total Current Assets Historical Data

The historical data trend for Rackspace Technology's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rackspace Technology Total Current Assets Chart

Rackspace Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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543.70

758.50

989.50

1,073.20

738.10

Rackspace Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															845.10	738.10	788.30	696.30	648.70

Rackspace Technology Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Rackspace Technology's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	196.8	+	339.7	+	0	+	201.6
	=	738

Rackspace Technology's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	157.1	+	311.8	+	0	+	179.8
	=	649

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Rackspace Technology (NAS:RXT) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Rackspace Technology's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	157.1	-	4095.5	+	0.75 * 311.8	+	0.5 * 0
=	-3,705

Rackspace Technology Total Current Assets Related Terms

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Rackspace Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rackspace Technology Inc (NAS:RXT) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

19122 US Highway 281 North, Suite 128, San Antonio, TX, USA, 78258

Website

https://www.rackspace.com

Rackspace Technology Inc is an end-to-end, hybrid, multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in segments namely, Private Cloud, and Public Cloud. It generates revenue through the sale of consumption-based contracts for its service offerings and from the sale of professional services related to designing and building custom solutions.

Executives

Brian Lillie	officer: EVP, President Private Cloud	1485 BROOKMILL ROAD, LOS ALTOS CA 94024
Kellie Teal-guess	officer: Chief Human Resources Officer	1 FANATICAL PLACE, C/O RACKSPACE TECHNOLOGY, INC., SAN ANTONIO TX 78218
Amar Maletira	officer: President & CFO	C/O VIAVI SOLUTIONS INC., 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035
Srini Koushik	officer: Chief Technology Officer	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Dharmendra Kumar Sinha	officer: EVP, President, Public Cloud	C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP, 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Mark A. Marino	other: Vice President & CAO	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Casey L. Shilling	officer: SVP - Chief Marketing Officer	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Rackspace Technology, Inc.	director	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Anthony C. Roberts	director	1 FANATICAL PLACE, SAN ANTONIO TX 78218
Betsy S Atkins	director
Anthony Scott	director	25501 WEST VALLEY PARKWAY, OLATHE KS 66061
Naushaza Molu	officer: EVP, Chief Financial Officer	1 FANATICAL PLACE, SAN ANTONIO TX 78218
Shashank Samant	director	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Gregory S. Hrncir	officer: SVP - Chief Operations Officer	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Timothy Campos	director	C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035